An Ohio federal jury on Thursday freed Whirlpool Corp. from allegations in a long-running class action that some of its washer models contained a defect that could produce foul-smelling mold, finding that the washers were not negligently designed.
The judge presiding over GT Advanced Technologies Inc.’s secretive bankruptcy on Thursday endangered a settlement of the contract dispute with Apple Inc. that destroyed GT's business, saying that a key document both companies want sealed should be made public.
The equity committee for bankrupt AgFeed Industries Inc. launched an adversary action Wednesday alleging ex-business partner Hormel Foods Corp. made “false representations” and knew about claims it had asserted against the hog production company that led to an arbitration award that the debtor says ultimately pushed it into Chapter 11.
The U.S. Securities and Exchange Commission neglected to perform required background checks before giving security keycards to some of its workers and failed to document who received those keycards, according to a previously undisclosed report by the agency’s inspector general.
The Ninth Circuit on Wednesday tossed Stan Lee Media Inc.'s lawsuit against its former president, comic book legend Stan Lee, alleging it owns characters he created or co-created, including Spider-Man, Iron Man and the X-Men, calling the company's claim "simply implausible."
A New York bankruptcy judge issued an opinion Wednesday that let the Dewey & Leboeuf LLP trustee proceed with $4.4 million clawback litigation connected to payments a group of former partners received when the doomed firm was allegedly insolvent.